Economics · Theories of Economic Growth
In the Harrod-Domar growth equation g = sv, where 's' is the savings ratio, the parameter 'v' is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The velocity of circulation of money supply.
- 2The annual change in the country's capital stock.
- 3The incremental capital-output ratio (ICOR).✓
- 4The total value of a country's capital stock.
Correct answer
The incremental capital-output ratio (ICOR).
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